Impossible to answer with all the unknowns. What is the price per acre of tillable land? Down payment? Mortgage balance and interest rate? Taxes per acre? Typical yield of corn/beans in your area? Chances of crop failure- how many years out of 10? Your local prices of seed, fertilizer, other crop inputs? Local input costs are easy to figure.....Easy to spend over $200 for beans, $400 for corn. I"ve always felt it difficult to pass up buying adjoining land, (often never again available in your lifetime, plus it can"t be closer to you) but you need to run the numbers, plus your options- like buy/farm, or buy/rent out.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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